Raymond runs a small consultancy business, of which he is the soleproprietor, sp

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Raymond runs a small consultancy business, of which he is the soleproprietor, sp

Raymond runs a small consultancy business, of which he is the soleproprietor, specialising in personal taxation advice. He entered into acontract with Samantha, a struggling artist, under which he agreed toprepare some draft business accounts for her, covering the last threeyears, for the sum of £800. Raymond completed the work but Samanthatold him she could only afford to pay £200 for the work. After a bitterargument Raymond reluctantly accepted a cheque for £200 from Samantha,which was stated to be in full and final settlement of the debt.
Shortly afterwards Samantha’s paintings began to realise very highprices and Raymond has just read in a newspaper that her latest work hasbeen sold for £20,000. He now wishes to claim the balance of £600from Samantha and approaches you for advice.
Advise Raymond.

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